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Series 34 Exam
Study Guide

The Series 34 Exam Study Guide is brought to you for free by Mallon P.C. The Series 34 exam is a new National Futures Association (NFA) exam that will be required for off-exchange retail foreign exchange (Forex) dealers, counterparties, and intermediaries who will soon be required to register with NFA. To determine if you need to take the exam or for more information on the Forex registration process, please visit www.forexregistration.com. If you have any questions or are interested in supplemental preparation material, please contact us at 415-320-6255. Below, you will find the study guide material divided into five sections. These sections represent the five categories you will be tested on. Below each category, click on any link to view its definition.
Series 34 Exam ยป Definitions & Terminology

Category Archives: Definitions & Terminology

American Terms/European Terms

Base/Quote/Terms/Secondary Currency

Bid/Ask Spread

Collateral/Security Deposit/Margin

Cross Rates

Currency Crosses

Currency Pair

Direct Quote & Indirect Quote

Exchange Rate

Forex Counterparty & Regulated Entities

Forex Exotic Options

Forex Forward Rate

Forex PIPs

Forex Rollovers

Forex Swaps

Forward Point

Interest Rate Differential (IRD)

Interest Rate Parity

Mark-Ups & Mark-Downs

Spot Rate/Spot Price

Tomorrow Next Day & Spot Next

Trade Date & Settlement Date

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